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Lincoln Educational Services Sees FY21 Adj EBITDA $32M-$37M; Sees Pre-Tax Income $22M-$27M; Reaffirms Other Guidance

2021 OUTLOOK The Company is updating its outlook for 2021 as follows: Reaffirming annual revenue growth of 7% to 12% over 2020. Reaffirming full year student starts growth

05/10/2021 08:27

2021 OUTLOOK

The Company is updating its outlook for 2021 as follows:

  • Reaffirming annual revenue growth of 7% to 12% over 2020.
  • Reaffirming full year student starts growth of 5% to 10% over 2020.  
  • Raising adjusted EBITDA by $3.0 million to between $32.0 million and $37.0 million as compared to $23.9 million in 2020.
  • Raising pre-tax Income by $3.0 million to between $22.0 million and $27.0 million as compared to $13.5 million in 2020.
  • Reaffirming capital expenditures of approximate $7.5 million.
     

                 *Adjusted EBITDA is defined as EBITDA plus non-cash stock compensation expense.